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KPLC vs KENGEN Accounts: Sh26B Missing
Fyatu
#31 Posted : Tuesday, October 02, 2018 8:16:44 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
A look at Kenya power today(price shs. 4.50), i deduce the following..

1. single digit P.E.,
2. > 68% earnings.,
3. > 10% dividend yield

I have calculated Umeme market cap Vs Kenya power market cap and obviously(rolling my eyes) there is no way umeme can be worth more than the great and mighty Kenya power.

Kenya power is a buy....hapan taka kizungu mingi
Dumb money becomes dumb only when it listens to smart money
Ericsson
#32 Posted : Tuesday, October 02, 2018 9:16:30 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Fyatu wrote:
A look at Kenya power today(price shs. 4.50), i deduce the following..

1. single digit P.E.,
2. > 68% earnings.,
3. > 10% dividend yield

I have calculated Umeme market cap Vs Kenya power market cap and obviously(rolling my eyes) there is no way umeme can be worth more than the great and mighty Kenya power.

Kenya power is a buy....hapan taka kizungu mingi

Sawa tumekusikia
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
the deal
#33 Posted : Tuesday, October 02, 2018 9:32:18 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Fyatu wrote:
A look at Kenya power today(price shs. 4.50), i deduce the following..

1. single digit P.E.,
2. > 68% earnings.,
3. > 10% dividend yield

I have calculated Umeme market cap Vs Kenya power market cap and obviously(rolling my eyes) there is no way umeme can be worth more than the great and mighty Kenya power.

Kenya power is a buy....hapan taka kizungu mingi



LOL someone never learns... Unbelievable!!!! Kenya Power is a sinking ship... Stay away!
KaunganaDoDo
#34 Posted : Wednesday, October 03, 2018 9:15:05 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
muandiwambeu wrote:
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
This is the problem when Market Analysts and Participants give quacks from seat in Financial Statement Analysis. Energy sector , like any other specialist sector requires deep understanding of the cost build up and what they actually mean. FIRST FIXED CHARGES is not the same as CAPACITY CHARGES. FIXED CHARGES, say of 150 shillings payable by each customer (SAY 4.1 MILLION CUSTOMERS as the writer says) per month represents the meter rent for the METER supplied to the customer, meaning even if the customer doesnt consume a single unit, he will pay a fixed charge of Ksh 150, that represents fixed operating cost for the customers. this fixed charges( 150 time number of customers is reported by KPLC as revenue.
CAPACITY CHARGES represents the cost of power purchase that KPLC pays to KENGEN and other IPP per month/year even when it doesnt buy energy from them. in the energy Sector, You have a Power Purchase Agreement(PPA) which stipulates the bulk Power Purchase tariff. a PPA will have FCCR(Fixed capacity charge rate) and (VOMCR-Variable operating and maintenance charge rate)...The VOMCR which is also called energy rate, is payable depending on how much actual energy is being supplied to KPLC. Like all KenGEN Hydro plants have capacity charge rates...Capacity charges recovers the Capital costs of a Generation Plant...the Energy costs recovers the Operating costs of the plant

Mungu saidia watoto wako, kunasunami hapa
Lost fixed charge revenue
Per month
150/=×4.1=615millions
Per annum 615×12=7.45bn
Lost just like that.
Even if meters are given to kplc for free that money is lost without replacement. Add on top metering costs still on or as always been.
If I still need to reassure myself, I classfy that revenue stream as other revenues/other operating income or otherwise. And that other revenue is comparingly that figure and the figure closely indicates kplc makes profits from fixed charges and not operations.
Pray Pray Pray Pray Pray Pray
Hii ingenirarua pahali pengine pabya. A close save very close save. @xxxx almost got me to think how sad it was for me to miss out on @ARM. All I have to note is, hile transformer yenye ilikua yazusha hii kitu, ndio imeanza Safari tu. It's coming down with everything and leaving just nothing on it's wake down to ground zero.
I can not touch this one above zero point 6/=. Unless walipe mumias for sabotage of operations first.d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!.
Sending pictorial illustrations has isn't been easy, but soonest I see how, you too will have a chance to appreciate that the elephant in the house too has a loose behind.


Boss, i told you to discuss matters you fully understand...The fixed charges were converted to Energy Charges...But since you hardly understands, and you derive pleasure in misleading people, stick to your slow lane...Anyway, The fixed charges were loaded to energy rate(kWh charge) and spread across the different tariff segments...

I think you have mental retardation to fail to see that was a guranteed revenue, now draw the lines between guranteed revenue and marginal revenues in a regime hell bent to make energy cheap for users. Of the 10/% top up on revenue from fixed charges, by what margin will the passed on fixed charges contribute to the revenue growth.
Figures don't lie, so thieves do figure too.
Your figures are in public domain, not a special discovery in your mental context to dispell disparage my duty to get figures right and make meaningful decisions. And for correction purposes, read the current numbers are over 4.65m. so get not me into slow lanes, neither name calling nor pleasing you off me as I am pleased to intuitively live off my conginital endeavors. I do live on the sense I draw from info in the market. Only that I go a further step to make that info money friendly @helloyellow. Am not ur advisor. Neither am I responsible to your decisions.



I will teach you how it works and it was done.... The total revenue from fixed charges per year is spread to the last audited units sold ... for your information, the only revenue that is guaranteed is Energy sales... Fixed charges were a big challenge for customers who are not vending..a huge amount is classified as receivables..... most of them are on prepaid metering...as you know, prepaid metering system you pay (guaranteed) before you use..as opposed to having prepaid customer who has outstanding fixed charges for many months.... They struggle with payment... Anyway, its rocket science this tariff thing.... you are allowed to be slow
KaunganaDoDo
#35 Posted : Wednesday, October 03, 2018 9:24:18 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
Fyatu wrote:
A look at Kenya power today(price shs. 4.50), i deduce the following..

1. single digit P.E.,
2. > 68% earnings.,
3. > 10% dividend yield

I have calculated Umeme market cap Vs Kenya power market cap and obviously(rolling my eyes) there is no way umeme can be worth more than the great and mighty Kenya power.

Kenya power is a buy....hapan taka kizungu mingi


Just hold off abit... There is still alot coming ...I should expect it to go to 3 shillings after the financial are out...But in 6 Months you will be rich....
Fyatu
#36 Posted : Wednesday, October 03, 2018 9:37:07 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
KaunganaDoDo wrote:
Fyatu wrote:
A look at Kenya power today(price shs. 4.50), i deduce the following..

1. single digit P.E.,
2. > 68% earnings.,
3. > 10% dividend yield

I have calculated Umeme market cap Vs Kenya power market cap and obviously(rolling my eyes) there is no way umeme can be worth more than the great and mighty Kenya power.

Kenya power is a buy....hapan taka kizungu mingi


Just hold off abit... There is still alot coming ...I should expect it to go to 3 shillings after the financial are out...But in 6 Months you will be rich....



The facts are glaring. I am happy to sweep more at 3bob...pension manenos
Dumb money becomes dumb only when it listens to smart money
muandiwambeu
#37 Posted : Wednesday, October 03, 2018 2:33:27 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
This is the problem when Market Analysts and Participants give quacks from seat in Financial Statement Analysis. Energy sector , like any other specialist sector requires deep understanding of the cost build up and what they actually mean. FIRST FIXED CHARGES is not the same as CAPACITY CHARGES. FIXED CHARGES, say of 150 shillings payable by each customer (SAY 4.1 MILLION CUSTOMERS as the writer says) per month represents the meter rent for the METER supplied to the customer, meaning even if the customer doesnt consume a single unit, he will pay a fixed charge of Ksh 150, that represents fixed operating cost for the customers. this fixed charges( 150 time number of customers is reported by KPLC as revenue.
CAPACITY CHARGES represents the cost of power purchase that KPLC pays to KENGEN and other IPP per month/year even when it doesnt buy energy from them. in the energy Sector, You have a Power Purchase Agreement(PPA) which stipulates the bulk Power Purchase tariff. a PPA will have FCCR(Fixed capacity charge rate) and (VOMCR-Variable operating and maintenance charge rate)...The VOMCR which is also called energy rate, is payable depending on how much actual energy is being supplied to KPLC. Like all KenGEN Hydro plants have capacity charge rates...Capacity charges recovers the Capital costs of a Generation Plant...the Energy costs recovers the Operating costs of the plant

Mungu saidia watoto wako, kunasunami hapa
Lost fixed charge revenue
Per month
150/=×4.1=615millions
Per annum 615×12=7.45bn
Lost just like that.
Even if meters are given to kplc for free that money is lost without replacement. Add on top metering costs still on or as always been.
If I still need to reassure myself, I classfy that revenue stream as other revenues/other operating income or otherwise. And that other revenue is comparingly that figure and the figure closely indicates kplc makes profits from fixed charges and not operations.
Pray Pray Pray Pray Pray Pray
Hii ingenirarua pahali pengine pabya. A close save very close save. @xxxx almost got me to think how sad it was for me to miss out on @ARM. All I have to note is, hile transformer yenye ilikua yazusha hii kitu, ndio imeanza Safari tu. It's coming down with everything and leaving just nothing on it's wake down to ground zero.
I can not touch this one above zero point 6/=. Unless walipe mumias for sabotage of operations first.d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!.
Sending pictorial illustrations has isn't been easy, but soonest I see how, you too will have a chance to appreciate that the elephant in the house too has a loose behind.


Boss, i told you to discuss matters you fully understand...The fixed charges were converted to Energy Charges...But since you hardly understands, and you derive pleasure in misleading people, stick to your slow lane...Anyway, The fixed charges were loaded to energy rate(kWh charge) and spread across the different tariff segments...

I think you have mental retardation to fail to see that was a guranteed revenue, now draw the lines between guranteed revenue and marginal revenues in a regime hell bent to make energy cheap for users. Of the 10/% top up on revenue from fixed charges, by what margin will the passed on fixed charges contribute to the revenue growth.
Figures don't lie, so thieves do figure too.
Your figures are in public domain, not a special discovery in your mental context to dispell disparage my duty to get figures right and make meaningful decisions. And for correction purposes, read the current numbers are over 4.65m. so get not me into slow lanes, neither name calling nor pleasing you off me as I am pleased to intuitively live off my conginital endeavors. I do live on the sense I draw from info in the market. Only that I go a further step to make that info money friendly @helloyellow. Am not ur advisor. Neither am I responsible to your decisions.



I will teach you how it works and it was done.... The total revenue from fixed charges per year is spread to the last audited units sold ... for your information, the only revenue that is guaranteed is Energy sales... Fixed charges were a big challenge for customers who are not vending..a huge amount is classified as receivables..... most of them are on prepaid metering...as you know, prepaid metering system you pay (guaranteed) before you use..as opposed to having prepaid customer who has outstanding mixed charges for many months.... They struggle with payment... Anyway, its rocket science this tariff thing.... you are allowed to be slow

If u can not understand it, don't blame others from your mental miseries. I did analysis the facts and bared them for who have something between the ears, not you.
Excuse
,Behold, a sower went forth to sow;....
KaunganaDoDo
#38 Posted : Wednesday, October 03, 2018 2:46:25 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
muandiwambeu wrote:
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
This is the problem when Market Analysts and Participants give quacks from seat in Financial Statement Analysis. Energy sector , like any other specialist sector requires deep understanding of the cost build up and what they actually mean. FIRST FIXED CHARGES is not the same as CAPACITY CHARGES. FIXED CHARGES, say of 150 shillings payable by each customer (SAY 4.1 MILLION CUSTOMERS as the writer says) per month represents the meter rent for the METER supplied to the customer, meaning even if the customer doesnt consume a single unit, he will pay a fixed charge of Ksh 150, that represents fixed operating cost for the customers. this fixed charges( 150 time number of customers is reported by KPLC as revenue.
CAPACITY CHARGES represents the cost of power purchase that KPLC pays to KENGEN and other IPP per month/year even when it doesnt buy energy from them. in the energy Sector, You have a Power Purchase Agreement(PPA) which stipulates the bulk Power Purchase tariff. a PPA will have FCCR(Fixed capacity charge rate) and (VOMCR-Variable operating and maintenance charge rate)...The VOMCR which is also called energy rate, is payable depending on how much actual energy is being supplied to KPLC. Like all KenGEN Hydro plants have capacity charge rates...Capacity charges recovers the Capital costs of a Generation Plant...the Energy costs recovers the Operating costs of the plant

Mungu saidia watoto wako, kunasunami hapa
Lost fixed charge revenue
Per month
150/=×4.1=615millions
Per annum 615×12=7.45bn
Lost just like that.
Even if meters are given to kplc for free that money is lost without replacement. Add on top metering costs still on or as always been.
If I still need to reassure myself, I classfy that revenue stream as other revenues/other operating income or otherwise. And that other revenue is comparingly that figure and the figure closely indicates kplc makes profits from fixed charges and not operations.
Pray Pray Pray Pray Pray Pray
Hii ingenirarua pahali pengine pabya. A close save very close save. @xxxx almost got me to think how sad it was for me to miss out on @ARM. All I have to note is, hile transformer yenye ilikua yazusha hii kitu, ndio imeanza Safari tu. It's coming down with everything and leaving just nothing on it's wake down to ground zero.
I can not touch this one above zero point 6/=. Unless walipe mumias for sabotage of operations first.d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!.
Sending pictorial illustrations has isn't been easy, but soonest I see how, you too will have a chance to appreciate that the elephant in the house too has a loose behind.


Boss, i told you to discuss matters you fully understand...The fixed charges were converted to Energy Charges...But since you hardly understands, and you derive pleasure in misleading people, stick to your slow lane...Anyway, The fixed charges were loaded to energy rate(kWh charge) and spread across the different tariff segments...

I think you have mental retardation to fail to see that was a guranteed revenue, now draw the lines between guranteed revenue and marginal revenues in a regime hell bent to make energy cheap for users. Of the 10/% top up on revenue from fixed charges, by what margin will the passed on fixed charges contribute to the revenue growth.
Figures don't lie, so thieves do figure too.
Your figures are in public domain, not a special discovery in your mental context to dispell disparage my duty to get figures right and make meaningful decisions. And for correction purposes, read the current numbers are over 4.65m. so get not me into slow lanes, neither name calling nor pleasing you off me as I am pleased to intuitively live off my conginital endeavors. I do live on the sense I draw from info in the market. Only that I go a further step to make that info money friendly @helloyellow. Am not ur advisor. Neither am I responsible to your decisions.



I will teach you how it works and it was done.... The total revenue from fixed charges per year is spread to the last audited units sold ... for your information, the only revenue that is guaranteed is Energy sales... Fixed charges were a big challenge for customers who are not vending..a huge amount is classified as receivables..... most of them are on prepaid metering...as you know, prepaid metering system you pay (guaranteed) before you use..as opposed to having prepaid customer who has outstanding mixed charges for many months.... They struggle with payment... Anyway, its rocket science this tariff thing.... you are allowed to be slow

If u can not understand it, don't blame others from your mental miseries. I did analysis the facts and bared them for who have something between the ears, not you.
Excuse


Thanks MAN for your analysis...excellent...Laymen teaching the clergy about when the world will end and when Jesus christ will return...Nobody knows the day nor the hour...But those who have bibles...who live in the bibles..knows the signs, things LAYMEN CANT SEE...Anyway lets ROCK and ROLL
muandiwambeu
#39 Posted : Wednesday, October 03, 2018 3:56:23 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
muandiwambeu wrote:
KaunganaDoDo wrote:
This is the problem when Market Analysts and Participants give quacks from seat in Financial Statement Analysis. Energy sector , like any other specialist sector requires deep understanding of the cost build up and what they actually mean. FIRST FIXED CHARGES is not the same as CAPACITY CHARGES. FIXED CHARGES, say of 150 shillings payable by each customer (SAY 4.1 MILLION CUSTOMERS as the writer says) per month represents the meter rent for the METER supplied to the customer, meaning even if the customer doesnt consume a single unit, he will pay a fixed charge of Ksh 150, that represents fixed operating cost for the customers. this fixed charges( 150 time number of customers is reported by KPLC as revenue.
CAPACITY CHARGES represents the cost of power purchase that KPLC pays to KENGEN and other IPP per month/year even when it doesnt buy energy from them. in the energy Sector, You have a Power Purchase Agreement(PPA) which stipulates the bulk Power Purchase tariff. a PPA will have FCCR(Fixed capacity charge rate) and (VOMCR-Variable operating and maintenance charge rate)...The VOMCR which is also called energy rate, is payable depending on how much actual energy is being supplied to KPLC. Like all KenGEN Hydro plants have capacity charge rates...Capacity charges recovers the Capital costs of a Generation Plant...the Energy costs recovers the Operating costs of the plant

Mungu saidia watoto wako, kunasunami hapa
Lost fixed charge revenue
Per month
150/=×4.1=615millions
Per annum 615×12=7.45bn
Lost just like that.
Even if meters are given to kplc for free that money is lost without replacement. Add on top metering costs still on or as always been.
If I still need to reassure myself, I classfy that revenue stream as other revenues/other operating income or otherwise. And that other revenue is comparingly that figure and the figure closely indicates kplc makes profits from fixed charges and not operations.
Pray Pray Pray Pray Pray Pray
Hii ingenirarua pahali pengine pabya. A close save very close save. @xxxx almost got me to think how sad it was for me to miss out on @ARM. All I have to note is, hile transformer yenye ilikua yazusha hii kitu, ndio imeanza Safari tu. It's coming down with everything and leaving just nothing on it's wake down to ground zero.
I can not touch this one above zero point 6/=. Unless walipe mumias for sabotage of operations first.d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!.
Sending pictorial illustrations has isn't been easy, but soonest I see how, you too will have a chance to appreciate that the elephant in the house too has a loose behind.


Boss, i told you to discuss matters you fully understand...The fixed charges were converted to Energy Charges...But since you hardly understands, and you derive pleasure in misleading people, stick to your slow lane...Anyway, The fixed charges were loaded to energy rate(kWh charge) and spread across the different tariff segments...

I think you have mental retardation to fail to see that was a guranteed revenue, now draw the lines between guranteed revenue and marginal revenues in a regime hell bent to make energy cheap for users. Of the 10/% top up on revenue from fixed charges, by what margin will the passed on fixed charges contribute to the revenue growth.
Figures don't lie, so thieves do figure too.
Your figures are in public domain, not a special discovery in your mental context to dispell disparage my duty to get figures right and make meaningful decisions. And for correction purposes, read the current numbers are over 4.65m. so get not me into slow lanes, neither name calling nor pleasing you off me as I am pleased to intuitively live off my conginital endeavors. I do live on the sense I draw from info in the market. Only that I go a further step to make that info money friendly @helloyellow. Am not ur advisor. Neither am I responsible to your decisions.



I will teach you how it works and it was done.... The total revenue from fixed charges per year is spread to the last audited units sold ... for your information, the only revenue that is guaranteed is Energy sales... Fixed charges were a big challenge for customers who are not vending..a huge amount is classified as receivables..... most of them are on prepaid metering...as you know, prepaid metering system you pay (guaranteed) before you use..as opposed to having prepaid customer who has outstanding fixed charges for many months.... They struggle with payment... Anyway, its rocket science this tariff thing.... you are allowed to be slow

,Behold, a sower went forth to sow;....
Ericsson
#40 Posted : Sunday, November 04, 2018 8:19:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@vvs
Throw back and I hope you bookmarked the post where I told you Kenya power will be mismanaged and looted nearly to it's death while kengen will be run well and bear fruits.
TNA run firms vs URP run firms.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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